• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Solana Nears $100 Billion Market Cap

user avatar

by Giorgi Kostiuk

2 years ago

Solana, known as the 'Ethereum killer,' is steadily moving towards joining the prestigious $100 billion market capitalization club.

Current Success of Solana

As of now, Solana's market capitalization stands at $96.8 billion, with the token experiencing a 1.3% increase over the past 24 hours.

Meme Coin Frenzy and Institutional Recognition

Earlier this year, Solana was at the center of a meme coin frenzy. Pump.fun, a Solana-based meme coin factory, logged $1.9 billion in volume over the past two weeks. The platform has issued over 3.1 million tokens, and total fees have surpassed 1.1 million SOL. In the U.S., Solana is gaining popularity among institutional investors, with several proposals for Solana-based ETFs, including one by VanEck.

The $100 Billion Club

Currently, only Bitcoin, Ethereum, and Tether have market capitalizations above $100 billion. Solana is likely to join this list soon. BNB and XRP were once part of this club but are currently valued below the required threshold.

"Ethereum killer" Solana is on track to join the prestigious "$100 billion club," according to Bitwise CEO Hunter Horsley.Hunter Horsley

With its ambitious plans and consistent growth, Solana could soon become part of the $100 billion club, solidifying its position among leading cryptocurrencies.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Analyst Predicts Major Breakout for XLM Amid Bullish Sentiment

chest

Crypto analyst MikybullCrypto predicts a major breakout for XLM, projecting a bull market target range between $5 and $11, citing historical patterns and current market conditions.

user avatarTomas Novak

DTCC Integrates with Stellar Blockchain for Tokenization

chest

DTCC announced plans to connect its tokenization platform to the Stellar blockchain, marking a significant move in traditional finance.

user avatarKaterina Papadopoulou

Justin Bons Critiques Ethereum's Governance and Future

chest

Justin Bons critiques Ethereum's governance and future, highlighting centralized control and dysfunction.

user avatarMaya Lundqvist

CLARITY Act Bill Progress and Its Impact on Cryptocurrency Market

chest

The CLARITY Act is entering a crucial stage in the Senate, with potential implications for major cryptocurrencies.

user avatarLeo van der Veen

WLD Token Approaches Key Resistance Level in Trading

chest

The WLD token is currently trading near a critical resistance point at 0.40, which traders are watching closely.

user avatarLi Weicheng

Thirty Seconds to Mars Teams Up with World Network to Combat Ticket Bots

chest

Thirty Seconds to Mars announced a partnership with World Network to provide human-only ticket access for their upcoming concert, aiming to give verified fans exclusive perks and prevent automated buyers from snatching up tickets.

user avatarAisha Farooq

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.